MT582: (13) Field 57a: Account With Institution

FORMAT

Option A [/1!a][/34x]
4!a2!a2!c[3!c]
(Party Identifier)
(Identifier Code)
Option B [/1!a][/34x]
[35x]
(Party Identifier)
(Location)
Option D [/1!a][/34x]
4*35x
(Party Identifier)
(Name and Address)

PRESENCE

Conditional (see rules C1 and C2) in optional sequence B

DEFINITION

This field identifies the financial institution, other than the Sender or Receiver, at which the beneficiary of money has been or is to be credited with the amount claimed.

In option A, Identifier Code specifies either a BIC. For more details, see the Standards MT General Information.

CODES

In option A, B, or D, Party Identifier may be used to specify a code by which the institution is identified in the local, that is, Receiver's, clearing system.

In this case, the following codes may be used preceded by a double slash ('//'):

with option A:

AT

5!n

Austrian Bankleitzahl

AU

6!n

Australian Bank State Branch (BSB) Code

BL

8!n

German Bankleitzahl

CC

9!n

Canadian Payments Association Payment Routing Number

ES

8..9n

Spanish Domestic Interbanking Code

FW

without 9 digit code

Pay by Fedwire

GR

7!n

HEBIC (Hellenic Bank Identification Code)

HK

3!n

Bank Code of Hong Kong

IE

6!n

Irish National Clearing Code (NSC)

IN

11!c

Indian Financial System Code (IFSC)

IT

11..23x

Italian Domestic Identification Code

PL

8!n

Polish National Clearing Code (KNR)

PT

8!n

Portuguese National Clearing Code

RT


Pay by Real Time Gross Settlement

SC

6!n

UK Domestic Branch Sort Code

CODES

with option D:

AT

5!n

Austrian Bankleitzahl

AU

6!n

Australian Bank State Branch (BSB) Code

BL

8!n

German Bankleitzahl

CC

9!n

Canadian Payments Association Payment Routing Number

CH

6!n

CHIPS Universal Identifier

CP

4!n

CHIPS Participant Identifier

ES

8..9n

Spanish Domestic Interbanking Code

FW

9!n

Fedwire Routing Number

GR

7!n

HEBIC (Hellenic Bank Identification Code)

HK

3!n

Bank Code of Hong Kong

IE

6!n

Irish National Clearing Code (NSC)

IN

11!c

Indian Financial System Code (IFSC)

IT

11..23x

Italian Domestic Identification Code

PL

8!n

Polish National Clearing Code (KNR)

PT

8!n

Portuguese National Clearing Code

RT


Pay by Real Time Gross Settlement

RU

9!n

Russian Central Bank Identification Code

SC

6!n

UK Domestic Branch Sort Code

SW

3..5n

Swiss Clearing Code (BC code)

SW

6!n

Swiss Clearing Code (SIC code)

NETWORK VALIDATED RULES

Identifier Code must be a registered BIC.

Identifier Code must be a financial institution BIC. This error code applies to all types of BICs referenced in a FIN message including SWIFT BICs, non-SWIFT BICs, Masters, Synonyms, Live destinations and Test & Training destinations.

USAGE RULES

When one of the codes //FW (with or without the 9-digit number), //AU, //CP or //RT is used, it should appear in field 57a of this message.

When it is necessary that an incoming SWIFT payment be made to the account with institution via a real-time gross settlement system (RTGS), the relevant code should appear in the optional Party Identifier of field 57a.

The code RT is binding for the Receiver. If it is used with option A, it must not be followed by any other information. If it is used with option D, it may be followed by another domestic clearing code.